Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.016%
Price spread now: Bitget against Injective−0.939%71s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−1.216%−$122 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Bitget is 0.939% cheaper against Injective than usual: you would sell low and buy high (spread −0.939% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$94 on $10k: about 47 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −1.216%, so the current rate has only just turned in your favour. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETHFI/USDC PERP0.72400.0033pay 0.0004% / 1h10m 07s$321$51K5.5x
ShortBitget ETHFIUSDT0.71720.0100get 0.0050% / 4h2h 10m$6.1M$5.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$14
Price spread: −0.939% → 0.000%
−$93.92
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$91.94
Costs to cover
0.120%
Break-even
53.0 days
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Bitget live order book, 3 min ago2.78 bp19.1 bp −$1934.8 bp −$348doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETHFI on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0446%1h0.7181−0.815%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0203%4h0.7179−0.843%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0154%4h0.7174−0.912%$88K$168K20xas long as short
Variational Omni ETHFI+0.0012%4h0.7203−0.515%$1.1M$717Kas long as short
Injective ETHFI/USDC PERPlong+0.0033%1h0.7240long leg$321$51K5.5x
Paradex ETHFI-USD-PERP+0.0060%8h0.7192−0.668%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7190−0.693%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7187−0.738%$18.1M$8.4M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7194−0.632%$184K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7175−0.900%$24.9M$36.0M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7177−0.870%$18.1M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7179−0.843%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7179−0.843%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7180−0.829%$15.5M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7180−0.829%$1.2M$256K50xas long as short
Bitget ETHFIUSDTshort+0.0100%4h0.7172−0.939%$6.1M$5.4M75x
BingX ETHFI-USDT+0.0100%4h0.7180−0.829%$26.0Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7205−0.489%$72K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7183−0.787%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7177−0.868%$98K$376K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7176−0.879%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7253+0.180%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0225%1h0.7191−0.684%$273K$182K20xas long as short